Applying Technical Analysis in multiple time frames: $BBTN
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Monthly • Trend and momentum using Joe Rabil Method: - From May 2020, price made HH and HL and is now in transition phase. If it breaks 2100, it becomes presumptive Uptrend. - In March 2024, price broke the downtrend line (Step 1), tested the low (Step 2) and is on its way to Step 3 • Harmonic Trading Method: N/A
Weekly • Trend and momentum using Joe Rabil Method: - Last leg is in presumptive uptrend and is on its way to Step 4. If it breaks 1545, it becomes an uptrend. - Price is above 18-week MA and 40-week MA, 18-week MA is rising and starting to separate from 40-week MA. - MACD is rising as per price • Harmonic Trading Method: N/A
Daily • Trend and momentum using Joe Rabil Method: - MACD made 0-line reversal in every pullback • Harmonic Trading Method: Bearish Bat was complete; price moved down and now is up to Step 4
1H • Small bearish bat is complete, and price is in consolidation • I will pay attention on MACD, whether it can make 0-line reversal or not.
10M • Price moves in rectangular shape. • I will pay attention on 18-10M MA, whether it will make GC and up or not, and MACD to be above 0 line